Business Insider's "Chart of the Day", is always worth a look - you can get it delivered directly to your inbox through a free subscription, or follow it on Twitter (see the box near the top on the right-hand side of the page). However, it is usually US-centric in its concerns.
So imagine my surprise when I started going through my email this morning and saw this, a long-term comparison of house-price values between the US and Australia over the last 120 years. Not as surprised as when I saw the disparity between the "overheated" US market and Australia's positively Vesuvian rise over the last ten years. When you're living it (paying a mortgage, foregoing some discretonary spending), it seems normal. When you look from someone else's point of view, suddenly it gets very scary.
Tuesday, June 1, 2010
How the world sees us
Labels:
bubble,
Bussiness Insider,
Chart of the Day,
housing market
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